Business

Syria gives EFG-Hermes investment banking licences

Syria gives EFG-Hermes investment banking licences

Syria has given investment banking licences to a Syrian unit that EFG-Hermes is setting up, the Cairo-based investment bank said…
NDP official: Subsidy increase imprudent

NDP official: Subsidy increase imprudent

A ruling party official warned against increasing subsidies for petroleum products because of the repercussions for the state budget deficit.…
Boutros-Ghali calls for review of IMF mechanisms

Boutros-Ghali calls for review of IMF mechanisms

Members of the International Monetary Fund (IMF) pledged to formulate sustainable financial policies at the closing session of their spring…
Orascom may merge with South Africa’s MTN

Orascom may merge with South Africa’s MTN

Orascom Telecom Holding (OTH) will today issue a statement to clarify its position on negotiations with MTN, a South African…
Euro-Mediterranean alliance results in 931 investment agreements

Euro-Mediterranean alliance results in 931 investment agreements

The Minister of Trade and Industry Rachid Mohamed Rachid emphasized that there are several elements that will ensure the success…
China curbs commodity exports to Egypt

China curbs commodity exports to Egypt

China is taking steps to curb the shipment of goods to Egypt, according to the state-run General Organization for Export…
Finance Ministry to tax used cars sales

Finance Ministry to tax used cars sales

A decision by Finance Minister Youssef Boutros-Ghali to impose a 10-percent profit tax on used automobile sales has drawn varying…
Gas exporters agree to raise prices

Gas exporters agree to raise prices

Participants in the Forum of Gas Exporting Countries meeting in Wahran, Algeria agreed to both raise gas prices and to…
Trade Minister: US should disclose bribe case info

Trade Minister: US should disclose bribe case info

Trade and Industry Minister Rachid Mohamed Rachid said on a talk show Monday that the Egyptian government has asked the…
Meat price hikes impact Alexandrian businesses

Meat price hikes impact Alexandrian businesses

Butchers and owners of traditional kebab-and-kofta restaurants--the menu selections of which are usually priced by the kilo--say that skyrocketing meat…
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